price support

noun

: artificial maintenance of prices (as of a raw material) at some predetermined level usually through government action

Example Sentences

Recent Examples on the Web Bitcoin, Ethereum and XRP managed to hold above key price support levels during March and have rallied semi-vigorously. John Navin, Forbes, 27 Mar. 2022 So far, right-wing populist parties have largely benefited from new divisions in the electorate over housing, with people living in areas untouched by the boom in property prices supporting causes like Brexit in greater numbers. Benjamin Mueller, New York Times, 29 Feb. 2020 Yet despite taxpayer funding of these efforts, Azar speculated that vaccines might not be affordable to all and dismissed the idea of using price supports to ensure that poor people would have access to the vaccine. Gavin Yamey, STAT, 5 Mar. 2020 Right-wing populist parties have largely benefited from new divisions in the electorate over housing, with people living in areas untouched by the boom in property prices supporting causes like Brexit in greater numbers. Benjamin Mueller, BostonGlobe.com, 29 Feb. 2020 The 1933 Agricultural Adjustment Act, part of the Depression-era New Deal, introduced government price supports, paying farmers to leave grain and cotton fields idle and shrink hog herds. Jacob Bunge, WSJ, 26 July 2018 The drug maker has argued that pricing supported further innovative research. Ed Silverman, STAT, 7 Nov. 2019 Then, the same government responds to the farmers’ plight with a barrage of handouts, price supports, subsidized loans and debt-relief measures for them, which many other countries also do. Krishna Pokharel, WSJ, 14 Jan. 2019 Farmers and supporters rally in 1983 in Iowa, seeking price supports for crops and a moratorium on farm foreclosures. Jacob Bunge, WSJ, 26 July 2018 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'price support.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Word History

First Known Use

1927, in the meaning defined above

Time Traveler
The first known use of price support was in 1927

Dictionary Entries Near price support

Cite this Entry

“Price support.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20support. Accessed 28 Mar. 2023.

More from Merriam-Webster on price support

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!


A Good Old-Fashioned Quiz

True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Solve today's spelling word game by finding as many words as you can with using just 7 letters. Longer words score more points.

Can you make 12 words with 7 letters?

PLAY